Elevator Motors Market

Elevator Motors Market (Category: AC Motors and DC Motors; Type- Geared Traction Motors and Gearless Traction Motors) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Elevator Motors Market Outlook 2031

  • The global industry was valued at US$ 832.5 Mn in 2022
  • It is estimated to grow at a CAGR of 6.0% from 2023 to 2031 and reach US$ 1.4 Bn by the end of 2031

Analysts’ Viewpoint

Demand for elevator motors across the globe is being driven by the expansion of commercial and residential buildings, particularly in emerging economies. Rapid urbanization and increase in investment by several governments in infrastructure development projects are augmenting the elevator motors market size. Elevator motors that take less space and provide quiet operations are being developed by high-speed elevator motor manufacturers for skyscrapers.

Market players are focusing on the launch of novel products by integrating new technologies to improve features and functionality of elevators. Collaboration and partnerships among technology firms, component suppliers, and lift manufacturers are fostering new avenues for innovation and accelerating the creation of innovative products and services. Elevator motor producers must abide by stringent regulatory requirements in various regions to fulfill the necessary safety, energy efficiency, and environmental standards.

Elevator Motors Market

Market Introduction

Elevator motors are used in lifts to propel the lift car up and down. The elevator car moves up and down by means of the turning force that the lift motor produces, which is transferred to the rope winding drum to coil or unwind the rope. A geared or winding drum elevator has a hoist motor. Vertical conveyor motors move materials/products up or down a vertical shaft using a conveyor belt or other lifting devices.

Elevator technology is improving along with advancements in construction technology. Elevators are designed to travel farther, ascend more quickly, be quieter, and provide more comfort.

AC and DC lift motors are used in both residential and commercial lift elevators. Energy-efficient elevators that reduce emissions and energy consumption are in demand across the globe. This factor is projected to fuel elevator motors market development in the near future.

Rapid Urbanization and Growth in Need for Better Infrastructure

Demand for transportation motors is expected to rise consistently in the near future due to rapid urbanization, growth in the number of high-rise structures, and an increase in the need for better infrastructure.

Several cities across the globe are witnessing rapid growth in population as well as aging infrastructure. According to the World Economic Forum, the share of the global population residing in cities is projected to surge to 80% by 2050, from the current 55%. This is positively impacting the demand for elevators and other vertical transportation motors.

The elevator motors market demand is expanding rapidly in developing nations including India, China, and Southeast Asia, owing to the increase in urbanization, infrastructure development, and rise in demand for high-power elevator motors in commercial and residential buildings.

Furthermore, the increase in the need for modernization and retrofitting of outdated lift systems is offering lucrative elevator motors market opportunities for manufacturers. Manufacturers are focusing on incorporating innovative lift motor technologies that can be integrated with the existing infrastructure.

Technological Advancements to Augment Market Progress

Elevators have become more reliable, efficient, and safe as a result of the development of destination control systems and energy-saving motors. Energy-saving and environmentally friendly lift motor systems are gaining popularity worldwide because they can lower energy use as well as carbon emissions. This is fueling the demand for advanced and high-performance motor technologies.

Elevator motor manufacturers are heavily investing in the development of advanced safety features to lower accidents and increase the reliability of passenger elevator motors. Modern buildings are increasingly incorporating smart elevators, which offer enhanced comfort, dependability, and energy efficiency. These elevators use sophisticated motor control systems, sensors, and data analytics. Thus, technological advancements are likely to fuel market expansion during the forecast period.

Top elevator motor manufacturers in the world are introducing new technologies while ensuring the safety of elevator users by adopting performance-based safety codes for elevators. For instance, ZIEHL-ABEGG SE’s advanced elevator machine, ZAtopx, combines low noise levels with consistent engine output with its innovative StPUGurt (steel and PU belt) design. The flexible gearless ZAtop model series has a high level of efficiency, small installation width, and narrow shaft dimensions.

The surge in Demand for Gearless Traction Motors in Elevators

As per the elevator motors market analysis, gearless elevator motors are anticipated to contribute to the growth of the global industry during the forecast period.

Gearless traction motors are more compact than geared lift motors since they don't have gears.  They are employed for high-speed lifts but they can also be utilized at lower speeds for specific applications.

When compared to a geared motor, elevators without a machine room use a lot less energy. They save considerable expenses by using 70% to 80% less energy in real-time applications.

Moreover, gearless traction motors provide a quieter ride experience and are easy to maintain. These motors are especially crucial for high-speed elevators in tall buildings, as they have the ability to carry heavier loads and operate at faster speeds as compared to geared traction systems. This feature makes them ideal for modern skyscrapers and other high-rise buildings where efficiency and speed are crucial factors.

Gearless motors are more environment-friendly than geared systems, helping reduce a building's carbon footprint. Advances in technology are likely to make gearless traction systems even more efficient and affordable, which is estimated to further drive their popularity.

Regional Outlook

According to the elevator motors market forecast, North America is anticipated to account for a dominant share of the global industry during the forecast period, owing to increased infrastructure development, construction, and renovation activities in the region.

The elevator motors market in Asia Pacific is anticipated to grow at a rapid pace in the next few years due to rapid urbanization and a rise in building & construction activities in the region. Moreover, the surge in demand for high-rise buildings, an increase in the adoption of advanced technologies, and a rise in demand for energy-efficient elevator systems are contributing to the elevator motors market growth in the Asia Pacific.

Analysis of Key Players in the Global Elevator Motors Industry

As per the global elevator motors market report, manufacturers employ various strategies such as product innovation, partnerships, and acquisitions to remain competitive in the industry.

Changzhou Fulling Motor Co., Ltd, Columbus McKinnon Corporation, Global Partner Elevator, LEESON Electric Corporation, Nidec Motor Corporation, Schindler Elevator Corporation, Siemens AG, The General Electric Company, The Imperial Electric Company, and ZIEHL-ABEGG SE are the top elevator motors companies operating across the globe.

Key Developments in Global Elevator Motors Market

  • In September 2022, Schindler Elevator Corporation and ISS, a top workplace experience and facility management services company, signed a global frame agreement to maintain and update the operating elevators and escalators in ISS' worldwide portfolio. Additionally, for ISS clients around the world, Schindler and ISS would investigate advanced and sustainable mobility solutions.
  • In July 2022, Schindler Elevator Corporation installed its newest advancements in vertical mobility, including 25 elevators with Schindler PORT technology in the new CapitaSpring skyscraper, one of Singapore's tallest and greenest structures, for enhanced transit management.
  • In March 2021, Columbus McKinnon Corporation announced the agreement to acquire Dorner Manufacturing Corporation, a provider of automation solutions that offers distinctive, patented technologies in the design, implementation, manufacturing, and integration of high-precise motion systems.

Key players have been profiled in the global elevator motor industry research report based on parameters such as product portfolio, recent developments, financial overview, business segments, company overview, and business strategies.

Market Snapshot

Attribute

Detail

Market Size Value in 2022 (Base Year)

US$ 832.5 Mn

Market Forecast Value in 2031

US$ 1.4 Bn

Growth Rate (CAGR)

6.0%

Forecast Period

2023-2031

Quantitative Units

US$ Mn/Bn for Value and Thousand Units for Volume

Market Analysis

It includes drivers, restraints, key trends, upcoming key trends, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, regulatory analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis.

Competition Landscape

  • Market Player – Competition Dashboard and Revenue Share Analysis 2022
  • Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, Strategy & Business Overview)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Market Segmentation

  • Category
    • AC Motors
    • DC Motors
  • Type
    • Geared Traction Motors
    • Gearless Traction Motors
  • Application
    • Residential
    • Commercial
  • Distribution Channel
    • Online
    • Offline
      • Direct Sales
      • Indirect Sales

Companies Profiled

  • Changzhou Fulling Motor Co., Ltd
  • Columbus McKinnon Corporation
  • Global Partner Elevator
  • LEESON Electric Corporation
  • Nidec Motor Corporation
  • Schindler Elevator Corporation
  • Siemens AG
  • The General Electric Company
  • The Imperial Electric Company
  • ZIEHL-ABEGG SE

Customization Scope

Available upon Request

Pricing

Available upon Request

Frequently Asked Questions

How big was the global elevator motors market in 2022?

The global market was valued at US$ 832.5 Mn in 2022.

What will be the CAGR during the forecast period?

The CAGR is estimated to be 6.0% from 2023 to 2031.

What are the prominent drivers of the industry?

Growth in investment in infrastructure development by governments worldwide and rapid urbanization along with retrofitting and modernization of infrastructure.

Which type segment held major share?

The gearless traction motors type segment accounted for major share in 2022.

Which is the prominent region?

North America is likely to be the most lucrative region during the forecast period.

Who are the prominent players in the elevator motors business?

Changzhou Fulling Motor Co., Ltd, Columbus McKinnon Corporation, Global Partner Elevator, LEESON Electric Corporation, Nidec Motor Corporation, Schindler Elevator Corporation, Siemens AG, The General Electric Company, The Imperial Electric Company, and ZIEHL-ABEGG SE.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Market Dynamics

            5.1.1. Drivers

            5.1.2. Restraints

            5.1.3. Opportunities

        5.2. Key Trends Analysis

            5.2.1. Demand Side Analysis

            5.2.2. Supply Side Analysis

        5.3. Key Market Indicators

        5.4. Porter’s Five Forces Analysis

        5.5. Industry SWOT Analysis

        5.6. Value Chain Analysis

        5.7. COVID-19 Impact Analysis

        5.8. Regulatory Framework & Guidelines

        5.9. Technology Overview

        5.10. Global Elevator Motors Market Analysis and Forecast, 2017 - 2031

            5.10.1. Market Value Projections (US$ Mn)

            5.10.2. Market Volume Projections (Thousand Units)

    6. Global Elevator Motors Market Analysis and Forecast, by Category

        6.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031

            6.1.1. AC Motors

            6.1.2. DC Motors

        6.2. Incremental Opportunity, by Category

    7. Global Elevator Motors Market Analysis and Forecast, by Type

        7.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031

            7.1.1. Geared Traction Motors

            7.1.2. Gearless Traction Motors

        7.2. Incremental Opportunity, by Type

    8. Global Elevator Motors Market Analysis and Forecast, by Application

        8.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031

            8.1.1. Residential

            8.1.2. Commercial

        8.2. Incremental Opportunity, by Application

    9. Global Elevator Motors Market Analysis and Forecast, by Distribution Channel

        9.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031

            9.1.1. Online

            9.1.2. Offline

                9.1.2.1. Direct Sales

                9.1.2.2. Indirect Sales

        9.2. Incremental Opportunity, by Distribution Channel

    10. Global Elevator Motors Market Analysis and Forecast, by Region

        10.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Region, 2017 - 2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Incremental Opportunity, by Region

    11. North America Elevator Motors Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Key Supplier Analysis

        11.3. Key Trends Analysis

            11.3.1. Demand Side Analysis

            11.3.2. Supply Side Analysis

        11.4. Price Trend Analysis

            11.4.1. Weighted Average Selling Price (USD)

        11.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031

            11.5.1. AC Motors

            11.5.2. DC Motors

        11.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031

            11.6.1. Geared Traction Motors

            11.6.2. Gearless Traction Motors

        11.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031

            11.7.1. Residential

            11.7.2. Commercial

        11.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031

            11.8.1. Online

            11.8.2. Offline

                11.8.2.1. Direct Sales

                11.8.2.2. Indirect Sales

        11.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031

            11.9.1. The U.S.

            11.9.2. Canada

            11.9.3. Rest of North America

        11.10. Incremental Opportunity Analysis

    12. Europe Elevator Motors Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Key Supplier Analysis

        12.3. Key Trends Analysis

            12.3.1. Demand Side Analysis

            12.3.2. Supply Side Analysis

        12.4. Price Trend Analysis

            12.4.1. Weighted Average Selling Price (USD)

        12.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031

            12.5.1. AC Motors

            12.5.2. DC Motors

        12.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031

            12.6.1. Geared Traction Motors

            12.6.2. Gearless Traction Motors

        12.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031

            12.7.1. Residential

            12.7.2. Commercial

        12.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031

            12.8.1. Online

            12.8.2. Offline

                12.8.2.1. Direct Sales

                12.8.2.2. Indirect Sales

        12.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031

            12.9.1. U.K.

            12.9.2. Germany

            12.9.3. France

            12.9.4. Rest of Europe

        12.10. Incremental Opportunity Analysis

    13. Asia Pacific Elevator Motors Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Key Supplier Analysis

        13.3. Key Trends Analysis

            13.3.1. Demand Side Analysis

            13.3.2. Supply Side Analysis

        13.4. Price Trend Analysis

            13.4.1. Weighted Average Selling Price (USD)

        13.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031

            13.5.1. AC Motors

            13.5.2. DC Motors

        13.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031

            13.6.1. Geared Traction Motors

            13.6.2. Gearless Traction Motors

        13.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031

            13.7.1. Residential

            13.7.2. Commercial

        13.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031

            13.8.1. Online

            13.8.2. Offline

                13.8.2.1. Direct Sales

                13.8.2.2. Indirect Sales

        13.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031

            13.9.1. China

            13.9.2. India

            13.9.3. Japan

            13.9.4. Rest of Asia Pacific

        13.10. Incremental Opportunity Analysis

    14. Middle East & Africa Elevator Motors Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Key Supplier Analysis

        14.3. Key Trends Analysis

            14.3.1. Demand Side Analysis

            14.3.2. Supply Side Analysis

        14.4. Price Trend Analysis

            14.4.1. Weighted Average Selling Price (USD)

        14.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031

            14.5.1. AC Motors

            14.5.2. DC Motors

        14.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031

            14.6.1. Geared Traction Motors

            14.6.2. Gearless Traction Motors

        14.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031

            14.7.1. Residential

            14.7.2. Commercial

        14.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031

            14.8.1. Online

            14.8.2. Offline

                14.8.2.1. Direct Sales

                14.8.2.2. Indirect Sales

        14.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031

            14.9.1. GCC

            14.9.2. South Africa

            14.9.3. Rest of Middle East & Africa

        14.10. Incremental Opportunity Analysis

    15. South America Elevator Motors Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Key Supplier Analysis

        15.3. Key Trends Analysis

            15.3.1. Demand Side Analysis

            15.3.2. Supply Side Analysis

        15.4. Price Trend Analysis

            15.4.1. Weighted Average Selling Price (USD)

        15.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031

            15.5.1. AC Motors

            15.5.2. DC Motors

        15.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031

            15.6.1. Geared Traction Motors

            15.6.2. Gearless Traction Motors

        15.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031

            15.7.1. Residential

            15.7.2. Commercial

        15.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031

            15.8.1. Online

            15.8.2. Offline

                15.8.2.1. Direct Sales

                15.8.2.2. Indirect Sales

        15.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031

            15.9.1. Brazil

            15.9.2. Rest of South America

        15.10. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Market Player – Competition Dashboard

        16.2. Market Share Analysis (%), 2022

        16.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview, Go-To-Market Strategy)

            16.3.1. Changzhou Fulling Motor Co., Ltd

                16.3.1.1. Company Overview

                16.3.1.2. Sales Area/Geographical Presence

                16.3.1.3. Revenue

                16.3.1.4. Strategy & Business Overview

                16.3.1.5. Go-To-Market Strategy

            16.3.2. Columbus McKinnon Corporation

                16.3.2.1. Company Overview

                16.3.2.2. Sales Area/Geographical Presence

                16.3.2.3. Revenue

                16.3.2.4. Strategy & Business Overview

                16.3.2.5. Go-To-Market Strategy

            16.3.3. Global Partner Elevator

                16.3.3.1. Company Overview

                16.3.3.2. Sales Area/Geographical Presence

                16.3.3.3. Revenue

                16.3.3.4. Strategy & Business Overview

                16.3.3.5. Go-To-Market Strategy

            16.3.4. LEESON Electric Corporation

                16.3.4.1. Company Overview

                16.3.4.2. Sales Area/Geographical Presence

                16.3.4.3. Revenue

                16.3.4.4. Strategy & Business Overview

                16.3.4.5. Go-To-Market Strategy

            16.3.5. Nidec Motor Corporation

                16.3.5.1. Company Overview

                16.3.5.2. Sales Area/Geographical Presence

                16.3.5.3. Revenue

                16.3.5.4. Strategy & Business Overview

                16.3.5.5. Go-To-Market Strategy

            16.3.6. Schindler Elevator Corporation

                16.3.6.1. Company Overview

                16.3.6.2. Sales Area/Geographical Presence

                16.3.6.3. Revenue

                16.3.6.4. Strategy & Business Overview

                16.3.6.5. Go-To-Market Strategy

            16.3.7. Siemens AG

                16.3.7.1. Company Overview

                16.3.7.2. Sales Area/Geographical Presence

                16.3.7.3. Revenue

                16.3.7.4. Strategy & Business Overview

                16.3.7.5. Go-To-Market Strategy

            16.3.8. The General Electric Company

                16.3.8.1. Company Overview

                16.3.8.2. Sales Area/Geographical Presence

                16.3.8.3. Revenue

                16.3.8.4. Strategy & Business Overview

                16.3.8.5. Go-To-Market Strategy

            16.3.9. The Imperial Electric Company

                16.3.9.1. Company Overview

                16.3.9.2. Sales Area/Geographical Presence

                16.3.9.3. Revenue

                16.3.9.4. Strategy & Business Overview

                16.3.9.5. Go-To-Market Strategy

            16.3.10. ZIEHL-ABEGG SE

                16.3.10.1. Company Overview

                16.3.10.2. Sales Area/Geographical Presence

                16.3.10.3. Revenue

                16.3.10.4. Strategy & Business Overview

                16.3.10.5. Go-To-Market Strategy

    17. Go To Market Strategy

        17.1. Identification of Potential Market Spaces

        17.2. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Elevator Motors Market, by Category, Thousand Units, 2017-2031

    Table 2: Global Elevator Motors Market, by Category, US$ Mn, 2017-2031

    Table 3: Global Elevator Motors Market, by Type, Thousand Units, 2017-2031

    Table 4: Global Elevator Motors Market, by Type, US$ Mn, 2017-2031

    Table 5: Global Elevator Motors Market, by Application, Thousand Units, 2017-2031

    Table 6: Global Elevator Motors Market, by Application, US$ Mn, 2017-2031

    Table 7: Global Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 8: Global Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031

    Table 9: Global Elevator Motors Market, by Region, Thousand Units, 2017-2031

    Table 10: Global Elevator Motors Market, by Region, US$ Mn, 2017-2031

    Table 11: North America Elevator Motors Market, by Category, Thousand Units, 2017-2031

    Table 12: North America Elevator Motors Market, by Category, US$ Mn, 2017-2031

    Table 13: North America Elevator Motors Market, by Type, Thousand Units, 2017-2031

    Table 14: North America Elevator Motors Market, by Type, US$ Mn, 2017-2031

    Table 15: North America Elevator Motors Market, by Application, Thousand Units, 2017-2031

    Table 16: North America Elevator Motors Market, by Application, US$ Mn, 2017-2031

    Table 17: North America Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 18: North America Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031

    Table 19: North America Elevator Motors Market, by Country, Thousand Units, 2017-2031

    Table 20: North America Elevator Motors Market, by Country, US$ Mn, 2017-2031

    Table 21: Europe Elevator Motors Market, by Category, Thousand Units, 2017-2031

    Table 22: Europe Elevator Motors Market, by Category, US$ Mn, 2017-2031

    Table 23: Europe Elevator Motors Market, by Type, Thousand Units, 2017-2031

    Table 24: Europe Elevator Motors Market, by Type, US$ Mn, 2017-2031

    Table 25: Europe Elevator Motors Market, by Application, Thousand Units, 2017-2031

    Table 26: Europe Elevator Motors Market, by Application, US$ Mn, 2017-2031

    Table 27: Europe Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 28: Europe Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031

    Table 29: Europe Elevator Motors Market, by Country, Thousand Units, 2017-2031

    Table 30: Europe Elevator Motors Market, by Country, US$ Mn, 2017-2031

    Table 31: Asia Pacific Elevator Motors Market, by Category, Thousand Units, 2017-2031

    Table 32: Asia Pacific Elevator Motors Market, by Category, US$ Mn, 2017-2031

    Table 33: Asia Pacific Elevator Motors Market, by Type, Thousand Units, 2017-2031

    Table 34: Asia Pacific Elevator Motors Market, by Type, US$ Mn, 2017-2031

    Table 35: Asia Pacific Elevator Motors Market, by Application, Thousand Units, 2017-2031

    Table 36: Asia Pacific Elevator Motors Market, by Application, US$ Mn, 2017-2031

    Table 37: Asia Pacific Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 38: Asia Pacific Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031

    Table 39: Asia Pacific Elevator Motors Market, by Country, Thousand Units, 2017-2031

    Table 40: Asia Pacific Elevator Motors Market, by Country, US$ Mn, 2017-2031

    Table 41: Middle East & Africa Elevator Motors Market, by Category, Thousand Units, 2017-2031

    Table 42: Middle East & Africa Elevator Motors Market, by Category, US$ Mn, 2017-2031

    Table 43: Middle East & Africa Elevator Motors Market, by Type, Thousand Units, 2017-2031

    Table 44: Middle East & Africa Elevator Motors Market, by Type, US$ Mn, 2017-2031

    Table 45: Middle East & Africa Elevator Motors Market, by Application, Thousand Units, 2017-2031

    Table 46: Middle East & Africa Elevator Motors Market, by Application, US$ Mn, 2017-2031

    Table 47: Middle East & Africa Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 48: Middle East & Africa Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031

    Table 49: Middle East & Africa Elevator Motors Market, by Country, Thousand Units, 2017-2031

    Table 50: Middle East & Africa Elevator Motors Market, by Country, US$ Mn, 2017-2031

    Table 51: South America Elevator Motors Market, by Category, Thousand Units, 2017-2031

    Table 52: South America Elevator Motors Market, by Category, US$ Mn, 2017-2031

    Table 53: South America Elevator Motors Market, by Type, Thousand Units, 2017-2031

    Table 54: South America Elevator Motors Market, by Type, US$ Mn, 2017-2031

    Table 55: South America Elevator Motors Market, by Application, Thousand Units, 2017-2031

    Table 56: South America Elevator Motors Market, by Application, US$ Mn, 2017-2031

    Table 57: South America Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 58: South America Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031

    Table 59: South America Elevator Motors Market, by Country, Thousand Units, 2017-2031

    Table 60: South America Elevator Motors Market, by Country, US$ Mn, 2017-2031

    List of Figures

    Figure 1: Global Elevator Motors Market Projections by Category, Thousand Units, 2017-2031

    Figure 2: Global Elevator Motors Market Projections by Category, US$ Mn, 2017-2031

    Figure 3: Global Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031

    Figure 4: Global Elevator Motors Market Projections by Type, Thousand Units, 2017-2031

    Figure 5: Global Elevator Motors Market Projections by Type, US$ Mn, 2017-2031

    Figure 6: Global Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031

    Figure 7: Global Elevator Motors Market Projections by Application, Thousand Units, 2017-2031

    Figure 8: Global Elevator Motors Market Projections by Application, US$ Mn, 2017-2031

    Figure 9: Global Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031

    Figure 10: Global Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031

    Figure 11: Global Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 12: Global Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031

    Figure 13: Global Elevator Motors Market Projections by Region, Thousand Units, 2017-2031

    Figure 14: Global Elevator Motors Market Projections by Region, US$ Mn, 2017-2031

    Figure 15: Global Elevator Motors Market, Incremental Opportunity, by Region, US$ Mn, 2017-2031

    Figure 16: North America Elevator Motors Market Projections by Category, Thousand Units, 2017-2031

    Figure 17: North America Elevator Motors Market Projections by Category, US$ Mn, 2017-2031

    Figure 18: North America Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031

    Figure 19: North America Elevator Motors Market Projections by Type, Thousand Units, 2017-2031

    Figure 20: North America Elevator Motors Market Projections by Type, US$ Mn, 2017-2031

    Figure 21: North America Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031

    Figure 22: North America Elevator Motors Market Projections by Application, Thousand Units, 2017-2031

    Figure 23: North America Elevator Motors Market Projections by Application, US$ Mn, 2017-2031

    Figure 24: North America Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031

    Figure 25: North America Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031

    Figure 26: North America Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 27: North America Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031

    Figure 28: North America Elevator Motors Market Projections by Country, Thousand Units, 2017-2031

    Figure 29: North America Elevator Motors Market Projections by Country, US$ Mn, 2017-2031

    Figure 30: North America Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031

    Figure 31: Europe Elevator Motors Market Projections by Category, Thousand Units, 2017-2031

    Figure 32: Europe Elevator Motors Market Projections by Category, US$ Mn, 2017-2031

    Figure 33: Europe Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031

    Figure 34: Europe Elevator Motors Market Projections by Type, Thousand Units, 2017-2031

    Figure 35: Europe Elevator Motors Market Projections by Type, US$ Mn, 2017-2031

    Figure 36: Europe Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031

    Figure 37: Europe Elevator Motors Market Projections by Application, Thousand Units, 2017-2031

    Figure 38: Europe Elevator Motors Market Projections by Application, US$ Mn, 2017-2031

    Figure 39: Europe Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031

    Figure 40: Europe Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031

    Figure 41: Europe Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 42: Europe Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031

    Figure 43: Europe Elevator Motors Market Projections by Country, Thousand Units, 2017-2031

    Figure 44: Europe Elevator Motors Market Projections by Country, US$ Mn, 2017-2031

    Figure 45: Europe Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031

    Figure 46: Asia Pacific Elevator Motors Market Projections by Category, Thousand Units, 2017-2031

    Figure 47: Asia Pacific Elevator Motors Market Projections by Category, US$ Mn, 2017-2031

    Figure 48: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031

    Figure 49: Asia Pacific Elevator Motors Market Projections by Type, Thousand Units, 2017-2031

    Figure 50: Asia Pacific Elevator Motors Market Projections by Type, US$ Mn, 2017-2031

    Figure 51: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031

    Figure 52: Asia Pacific Elevator Motors Market Projections by Application, Thousand Units, 2017-2031

    Figure 53: Asia Pacific Elevator Motors Market Projections by Application, US$ Mn, 2017-2031

    Figure 54: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031

    Figure 55: Asia Pacific Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031

    Figure 56: Asia Pacific Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 57: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031

    Figure 58: Asia Pacific Elevator Motors Market Projections by Country, Thousand Units, 2017-2031

    Figure 59: Asia Pacific Elevator Motors Market Projections by Country, US$ Mn, 2017-2031

    Figure 60: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031

    Figure 61: Middle East & Africa Elevator Motors Market Projections by Category, Thousand Units, 2017-2031

    Figure 62: Middle East & Africa Elevator Motors Market Projections by Category, US$ Mn, 2017-2031

    Figure 63: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031

    Figure 64: Middle East & Africa Elevator Motors Market Projections by Type, Thousand Units, 2017-2031

    Figure 65: Middle East & Africa Elevator Motors Market Projections by Type, US$ Mn, 2017-2031

    Figure 66: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031

    Figure 67: Middle East & Africa Elevator Motors Market Projections by Application, Thousand Units, 2017-2031

    Figure 68: Middle East & Africa Elevator Motors Market Projections by Application, US$ Mn, 2017-2031

    Figure 69: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031

    Figure 70: Middle East & Africa Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031

    Figure 71: Middle East & Africa Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 72: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031

    Figure 73: Middle East & Africa Elevator Motors Market Projections by Country, Thousand Units, 2017-2031

    Figure 74: Middle East & Africa Elevator Motors Market Projections by Country, US$ Mn, 2017-2031

    Figure 75: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031

    Figure 76: South America Elevator Motors Market Projections by Category, Thousand Units, 2017-2031

    Figure 77: South America Elevator Motors Market Projections by Category, US$ Mn, 2017-2031

    Figure 78: South America Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031

    Figure 79: South America Elevator Motors Market Projections by Type, Thousand Units, 2017-2031

    Figure 80: South America Elevator Motors Market Projections by Type, US$ Mn, 2017-2031

    Figure 81: South America Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031

    Figure 82: South America Elevator Motors Market Projections by Application, Thousand Units, 2017-2031

    Figure 83: South America Elevator Motors Market Projections by Application, US$ Mn, 2017-2031

    Figure 84: South America Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031

    Figure 85: South America Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031

    Figure 86: South America Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031

    Figure 87: South America Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031

    Figure 88: South America Elevator Motors Market Projections by Country, Thousand Units, 2017-2031

    Figure 89: South America Elevator Motors Market Projections by Country, US$ Mn, 2017-2031

    Figure 90: South America Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031

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